The reporting season heats up with Alphabet and Tesla on deck
The corporate earnings season heats up this week with some of the largest companies in the world set to report. More than 100 S & P 500 names are scheduled to post their latest quarterly figures, including Tesla, Alphabet and Coca-Cola. Those numbers come after a solid start to the reporting period. Of the roughly 59 S & P 500 names that have posted results, 86% have topped expectations, according to FactSet. Among those are Goldman Sachs and JPMorgan. Take a look at CNBC Pro’s breakdown of what to expect in this week’s key reports. All times are ET. Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Last quarter: KO maintained its full-year outlook and said it expects tariff disruptions to be “manageable.” This quarter: Analysts polled by LSEG expect roughly flat year-over-year earnings and revenue from the beverage giant. What to watch: Investors will look for updates on whether the company will move forward with a plan to switch to cane sugar from high fructose corn syrup for its drinks the U.S. — like President Donald Trump announced last week. “We appreciate President Trump’s enthusiasm for our iconic Coca-Cola brand,” the company said in a statement. “More details on new innovative offerings within our Coca-Cola product range will be shared soon.” What history shows: Data from Bespoke Investment Group shows the company has beaten earnings expectations for five straight quarters. Wednesday Chipotle Mexican Grill is set to report earnings after the close, followed by a call at 4:30 p.m. Last quarter: CMG said it was seeing a “slowdown” in consumer spending . This quarter: Analysts see a slight decline in year-over-year earnings for the fast casual chain, LSEG data shows. What to watch: BMO upgraded Chipotle last week ahead of the company’s earnings report, expecting strong results in the latter half of 2025. “We expect improving absolute performance and a widening gap to the industry to warrant a higher multiple,” BMO said . What history shows: Chipotle has a strong track record around earnings. Bespoke data shows the company beats earnings estimates 78% of the time. The stock also averages a 1.6% advance on earnings days. Alphabet is set to report earnings after the closing bell, with a call slated for 4:30 p.m. Last quarter: GOOGL reported earnings and revenue that easily beat analyst expectations. This quarter: The Street sees double-digit earnings and revenue growth for Google’s parent company, per LSEG. What to watch: BofA’s Justin Post raised his estimates on Alphabet last week, calling for an earnings beat. “2Q positives could include: 1) Commentary suggesting ad spend has accel. since April, 2) Strong search results suggesting AI integration aiding monetization (lowering rev. reset risk), 3) YouTube beat on easy y/y comps, and 4) Cloud strength from added capacity & Workspace AI integration,” he said in a note. What history shows: Alphabet earnings have beaten expectations for nine straight quarters, per Bespoke. Shares also average a 1.3% advance on earnings days. IBM is set to report earnings after after the close, followed by a conference call at 5 p.m. Last quarter: IBM maintained its full-year guidance and posted first-quarter earnings and revenue that beat expectations . This quarter: Analysts polled by LSEG expect year-over-year earnings to have grown by nearly 9%. What to watch: Morgan Stanley analyst Erik Woodring raised his price target to $253 from $233, though he kept his rating at equal weight. “Our Software and Consulting trackers lean cautiously ahead of 2Q earnings, but a weak USD supports CY25 FCF upside vs. Street. At $283, we believe FCF upside is already priced in, thus we lean tactically cautious into 2Q EPS; though 2Q is unlikely to fully break stock momentum,” he said. What history shows: IBM beats earnings expectations 84% of the time, according to Bespoke. However, the stock averages a 0.5% slide on earnings days. Tesla is set to report earnings after the bell. A call with analysts and management is set for 5:30 p.m. Last quarter: TSLA reported a 20% drop in auto revenue, driving a first-quarter miss . This quarter: LSEG data shows analysts expect the electric vehicle maker to report a 20% year-on-year earnings decline. What to watch: Investors might not know what to expect from Tesla’s report. Barclays analyst Dan Levy, who has an equal weight rating on shares, said the setup into the Q2 print is “confusing.” He pointed to weak fundamentals for the company, but added that Tesla could get a boost from its conference call, which presents an opportunity for the company’s “robotaxi/AV narrative to shine.” What history shows: Tesla shares have risen after the past two earnings releases despite the company missing analyst expectations.
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